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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

1611 New York Ave Orlando, FL 32803

3 Beds 2 Baths 2,178 sqft Built 1955
Last updated:  Nov 28, 2019

INVESTimate

$447,157

$399K - $495K

Price Est.

$2,867

$2.7K - $3.0K

Rent Est.

$484,226  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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1611 New York Ave PROPERTY INFO

FACTS
  • Built In 1955
  • Price/Sqft : $205.31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,178 sqft
  • Baths : 2 Full

1611 New York Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AUDUBON PARK SCHOOL Primary Unknown NA
AUDUBON PARK SCHOOL Middle Unknown NA
EDGEWATER HIGH SCHOOL High Magnet 1,723 91 6

AUDUBON PARK SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

AUDUBON PARK SCHOOL

  • Education Level: Middle
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

EDGEWATER HIGH SCHOOL

  • Education Level: High
  • # of students: 1,723
  • # of teachers: 91
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Lake Formosa

  • 584

    POPULATION
  • 289

    HOUSEHOLDS
  • 71.7%

    WHITE COLLAR

Neighborhood : Lake Formosa

HOUSEHOLDS
289
POPULATION

584

54.9%Renters
45.1%Home Owners
LABOR FORCE

 

71.7%White Collar
28.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,867 per month.

MY RENT : $2,867 MEDIAN RENT : $1,949

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.5%
>=$1,500 88.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,867 would therefore be considered affordable for annual household incomes greater than $114,680 (12 months x 3.333 x $2,867).

Rent % Affordability
Above $500 80.4%
Above $700 74.7%
Above $1,100 67.9%
Above $1,500 54.4%
Above $1,900 41.1%
HOUSEHOLD INCOME RANGE

Approximately 39 of households in this neighborhood have a total annual income of $114,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,867 per month.

MINIMUM INCOME RANGE : $114,680

Income % Distribution
<$20K 19.6%
$20K-$35K 10.5%
$35K-$60K 15.4%
$60K-$100K 29.1%
>=$100K 25.3%
COMMUTE TIME DISTRIBUTION

79% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 11.0%
10-14 mins 5.4%
15-19 mins 14.3%
20-29 mins 44.5%
30-44 mins 19.7%
45-59 mins 1.2%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,867 per month.

MY RENT : $2,867 MEDIAN RENT : $1,949

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.5%
>=$1,500 88.5%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,867 would therefore be considered affordable for annual household incomes greater than $114,680 (12 months x 3.333 x $2,867).

Rent % Affordability
Above $500 80.4%
Above $700 74.7%
Above $1,100 67.9%
Above $1,500 54.4%
Above $1,900 41.1%
HOUSEHOLD INCOME RANGE

Approximately 39 of households in this neighborhood have a total annual income of $114,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,867 per month.

MINIMUM INCOME RANGE : $114,680

Income % Distribution
<$20K 19.6%
$20K-$35K 10.5%
$35K-$60K 15.4%
$60K-$100K 29.1%
>=$100K 25.3%
COMMUTE TIME DISTRIBUTION

79% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 11.0%
10-14 mins 5.4%
15-19 mins 14.3%
20-29 mins 44.5%
30-44 mins 19.7%
45-59 mins 1.2%
>60 mins 0.0%

Lake Formosa Demographics

INDUSTRY

Industry % Distribution
Administrative Support 17.2%
Arts & Entertainment 26.8%
Manufacturing 9.4%
Professional & Scientific Tech Services 12.3%
Public Administration 4.9%
Retail & Wholesale Trader 5.7%
Other 23.6%
AGE DISTRIBUTION

68% of the population is between the ages of 25 and 64, 21% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 13.0%
15-19 0.0%
20-24 8.4%
25-44 40.2%
45-65 27.4%
66+ 11.0%
OCCUPATION

Occupation % Distribution
Clean 6.8%
Computer Engineering 11.8%
Construction 4.3%
Management, Business, & Financial 20.4%
Production & Transportation 9.7%
Sales & Office 29.7%
Other 17.2%
HIGHEST EDUCATION LEVEL

37% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 15.5%
High School 7.2%
Masters Degree 19.0%
Some College 18.3%
Some High School 3.3%
Other 36.8%

1611 New York Ave Comps

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1611 New York Ave, Orlando, FL 32803 is a single family home of 2,178 sqft. HomeUnion INVESTimateĀ® for 1611 New York Ave includes a Price Estimate of $447,157 and a Rent Estimate of $2,867. This single family home has 3 bedrooms,2 bathrooms, and was built in 1955. This property has an estimated 15 year annualized Yield of 7.69% and Total Return of 25.94%. The estimated 1 year forecast in home value for 1611 New York Ave is 8.29%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , ORANGE County , or the 32803 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 32804
  2. 32801
  3. 32789
  4. 32805
  5. 32814
  6. 32806